The Calcutta high court on Tuesday allowed the Enforcement Directorate (ED) to investigate alleged money laundering by the controversial Saradha Group.
"Taking suo motu cognisance of the scam, based on media reports, we approached the court seeking a direction that we be allowed to
investigate the matter and necessary documents be provided to us. The court was pleased to order the same," ED counsel Bhaskar Baisya said.

Baisya said the ED earlier sought cooperation from police but they were denied any assistance.

He said there was enough evidence to suggest the involvement of money laundering in the scam and the case was fit to be investigated by the ED.

Saradha Group CEO Sudipta Sen and two of his close aides are behind bars and facing prosecution for cheating and conspiracy.

The group failed to repay lakhs of depositors who invested money with its companies.